🔴 Physical Silver ETF (PHAG.AS) is trading 4.13% down today after hot PPI and oil boosted rate-hike expectations

PHAG.AS is trading at €50.41 (-4.13%) after hot August U.S. PPI and higher oil prices increased inflation concerns and Fed rate-hike expectations.

• Rising Treasury yields and a stronger dollar pressured non-yielding silver; spot silver fell more than 5% on September 10.
• U.S.–Iran escalation pushed Brent above $100, intensifying inflation fears and reinforcing the selloff in precious metals.